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Tuesday, May 26, 2015

THE following stocks had announcements that could affect trading activity on Tuesday:

Valuetronics Holdings on Tuesday said it posted a 0.9 per cent increase in net profit
to HK$149.2 million (S$25.7 million) for its full year ended March 31,
2015. Revenue of the electronics manufacturing services provider dipped
0.2 per cent to HK$2.4 billion. This was due to its consumer electronics
revenue falling on slower demand, despite industrial and commercial
electronics' revenue rising on higher demand and a new customer.

AVJennings on Tuesday said it has signed agreements to acquire the Waterline Place project
in Williamstown, Victoria. It did not reveal the acquisition cost.
Waterline Place has up to 850 dwellings with a mix of apartments and
townhouses, as well as retail spaces in the historic inner Melbourne
suburb of Williamstown. This is AVJennings' first major inner suburb
infill project in Victoria for some time.

Stamford Land Corp on Monday reported an 87.5 per cent surge in net profit
to S$5.39 million for the fourth quarter ended March 31, 2015, as
revenue was boosted by its property development segment. Revenue was 80
per cent higher at S$111.99 million, thanks to its property development
segment which was the biggest contributor to the topline. Revenue from
the property development segment clocked S$61.69 million, up
significantly from just S$6.91 million a year ago, due to the disposal
of a site.

SINGAPORE share prices opened higher on Tuesday with the Straits Times Index up 2.65 points to 3,463.50 at 9am.

This follows the Tokyo bourse where stocks opened slightly higher on
Tuesday after a seven-day winning streak took it to a fresh 15-year
high. The recent gains came on the back of a weak yen and expectations
over Japanese corporate earnings. Wall Street and many markets in Europe
were closed on Monday for public holidays.

In Singapore, the government on Tuesday announced that the economy
grew a better-than-expected 2.6 per cent year on year in Q1 2015,
beating both the initial flash estimate of 2.1 per cent growth, and the
market's expectation of 2.2 per cent.

Singapore's non-oil domestic exports (NODX) also had their best
quarterly showing in three years with a 4.8 per cent year-on-year growth
in the first three months of 2015, compared with the 0.5 per cent rise
in the final quarter of 2014, thanks to higher shipments of both
electronic and non-electronic NODX.

Monday, May 25, 2015

By 9.43am, it was up one cent, or 3.4 per cent, to S$0.305. It was
among the top 20 gainers on the Singapore bourse, and the fifth most
active stock with 25.8 million shares traded.

Friday's session had seen YuuZoo surging S$0.07 or 31 per cent to
S$0.295 on volume of 90.2 million shares after it highlighted a research
report issued by a UK research firm named Edison Research.

The report was commissioned by YuuZoo and did not carry a formal
investment recommendation. Edison said that YuuZoo's current low rating
reflects its historic focus and its early stage in developing its B2C
network business.

It added that strategic partnerships with seven franchisees should
contribute from 2015, and forecast revenues to broadly double in each of
the next two years.

YuuZoo builds social e-commerce networks for businesses and consumers. Its stock has almost doubled from S$0.159 in early May.

SINGAPORE share prices opened higher on Monday with the Straits Times Index up 6.74 points to 3,456.92 at 9.08am.

This was despite US stocks ending weaker on Friday after Federal
Reserve chair Janet Yellen said the central bank was poised to raise
interest rates this year, in line with Wall Street's expectations, if
the economy keeps improving as forecast.

Japan also announced on Monday that exports rose 8 per cent in April
from a year earlier, up for an eighth straight month, underlining a
gradual pickup in external demand.

The exchange's biggest movers in early trading include local banking
plays such as DBS and OCBC, which analysts have said will see their
return on equity benefit from an interest rate increase.

At 9am, DBS was up eight cents to S$20.91 and OCBC up four cents to S$10.41.

Wilmar International also rose three cents to S$3.38 as investors continued to bet on palm oil futures' rebound.

By 9.08am, 149.5 million shares worth S$61.6 million had changed hands, with gainers outnumbering losers 94 to 74.